--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-24-023130" form_type: "8-K" ticker: "XTIA" cik: "0001529113" company_name: "XTI Aerospace, Inc." filed_at: "2024-03-15T23:59:59+00:00" generated_at: "2026-06-04T17:09:53.485582+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # XTI Aerospace (XTIA) completes reverse merger with Inpixon; new CEO, $1.5M preferred sale ## Summary - Merger closed March 12, 2024; Inpixon acquired XTI Aircraft; combined company renamed XTI Aerospace (ticker XTIA). - 1-for-100 reverse split of Inpixon common stock prior to merger; XTIA has ~9.8M shares outstanding post-merger. - New CEO Scott Pomeroy, CFO Brooke Martellaro; three new directors (Pomeroy, Soumya Das, David Brody). - Issued 9,801.5 Series 9 Preferred shares to Streeterville Capital to exchange $9.8M debt; 10% return. - Sold 1,500 Series 9 Preferred shares to CEO Nadir Ali for $1.5M; Ali consults at $20k/month for 15 months. ## SEC filing metadata - accession: 0001213900-24-023130 - form_type: 8-K - ticker: XTIA - cik: 0001529113 - company_name: XTI Aerospace, Inc. - filed_at: 2024-03-15T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 5.02, 1.01, 5.03, 2.01, 3.02, 3.03, 5.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/ea0201784-8k_xtiaero.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-24-023130 - JSON: https://secwatch.observer/filing/0001213900-24-023130.json - Plain text: https://secwatch.observer/filing/0001213900-24-023130.txt ## Key facts - Executive change Nadir Ali resigned as Chief Executive Officer at XTI Aerospace, Inc.. - Action: resigned - Role: Chief Executive Officer source text: Mr. Nadir Ali and Ms. Wendy Loundermon resigned as Chief Executive Officer and Chief Financial Officer of the Company, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Executive change Brooke Martellaro was appointed as Chief Financial Officer at XTI Aerospace, Inc.. - Action: appointed - Role: Chief Financial Officer source text: the board of directors of the Company (the "Board") appointed Mr. Scott Pomeroy as Chief Executive Officer of the Company and Ms. Brooke Martellaro as Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Executive change Scott Pomeroy was appointed as Director at XTI Aerospace, Inc.. - Action: appointed - Role: Director source text: the Board appointed Messrs. Scott Pomeroy, Soumya Das and David Brody as directors to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Executive change David Brody was appointed as Director at XTI Aerospace, Inc.. - Action: appointed - Role: Director source text: the Board appointed Messrs. Scott Pomeroy, Soumya Das and David Brody as directors to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Executive change Soumya Das was appointed as Director at XTI Aerospace, Inc.. - Action: appointed - Role: Director source text: the Board appointed Messrs. Scott Pomeroy, Soumya Das and David Brody as directors to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Executive change Wendy Loundermon resigned as Chief Financial Officer at XTI Aerospace, Inc.. - Action: resigned - Role: Chief Financial Officer source text: Mr. Nadir Ali and Ms. Wendy Loundermon resigned as Chief Executive Officer and Chief Financial Officer of the Company, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Executive change Tanveer Khader resigned as Director at XTI Aerospace, Inc.. - Action: resigned - Role: Director source text: Messrs. Nadir Ali and Tanveer Khader and Ms. Wendy Loundermon resigned as directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Executive change Wendy Loundermon resigned as Director at XTI Aerospace, Inc.. - Action: resigned - Role: Director source text: Messrs. Nadir Ali and Tanveer Khader and Ms. Wendy Loundermon resigned as directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Executive change Scott Pomeroy was appointed as Chief Executive Officer at XTI Aerospace, Inc.. - Action: appointed - Role: Chief Executive Officer source text: the board of directors of the Company (the "Board") appointed Mr. Scott Pomeroy as Chief Executive Officer of the Company and Ms. Brooke Martellaro as Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Executive change Nadir Ali resigned as Director at XTI Aerospace, Inc.. - Action: resigned - Role: Director source text: Messrs. Nadir Ali and Tanveer Khader and Ms. Wendy Loundermon resigned as directors of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Governance Changes XTI Aerospace, Inc.: Filed Certificate of Amendment to effect reverse stock split (effective 2024-03-11). - Change: charter amendment - Effective: 2024-03-11 source text: On March 11, 2024, the Company filed a Certificate of Amendment to its articles of incorporation with the Secretary of State of Nevada to effect the Reverse Stock Split, which was approved by the Company’s stockholders at the special meeting in lieu of annual meeting held on December 8, 2023, as described in the Company’s proxy statement/prospectus filed on November 14, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Governance Changes XTI Aerospace, Inc.: Filed Certificate of Designation for Series 9 Preferred Stock (effective 2024-03-12). - Change: charter amendment - Effective: 2024-03-12 source text: On March 12, 2024, the Company filed the Certificate of Designations of Preferences and Rights of Series 9 Preferred Stock (the "Certificate of Designation"), with the Secretary of State of Nevada, designating 20,000 shares of preferred stock, par value $0.001 of the Company, as Series 9 Preferred Stock. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Governance Changes XTI Aerospace, Inc.: Filed Certificate of Amendment to change company name from Inpixon to XTI Aerospace, Inc (effective 2024-03-11). - Change: charter amendment - Effective: 2024-03-11 source text: On March 11, 2024, the Company also filed a Certificate of Amendment to its articles of incorporation with the Secretary of State of Nevada to change the name of the Company from "Inpixon" to "XTI Aerospace, Inc.", which became effective shortly after the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - Governance Changes XTI Aerospace, Inc.: Bylaws amended to classify board into three classes with staggered terms (effective 2024-03-12). - Change: bylaw amendment - Effective: 2024-03-12 source text: On March 12, 2024, the Board adopted by resolution an amendment to the Bylaws of the Company (the "Bylaws Amendment"). The Bylaws Amendment classifies the members of the Board into three classes (Class I, Class II and Class III) with staggered terms. evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - M&A Transactions XTI Aerospace, Inc. completed an acquisition involving XTI Aircraft Company for 7,843,668 shares of XTIA common stock; assumed options and warrants (closed 2024-03-12). - Action: acquisition - Counterparty: XTI Aircraft Company - Consideration: 7,843,668 shares of XTIA common stock; assumed options and warrants - Closing: 2024-03-12 source text: Split”). At the Effective Time, pursuant to the Merger Agreement, the shares of XTI common stock outstanding immediately prior to the Effective Time became the right to receive 7,843,668 shares of XTIA common stock, and the options and warrants to purchase shares of XTI common stock outstanding immediately prior to the Effective Time were assumed by the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm - M&A Transactions XTI Aerospace, Inc. underwent a change of control involving XTI Aircraft Company for 7,843,668 shares of XTIA common stock (closed 2024-03-12). - Action: change of control - Counterparty: XTI Aircraft Company - Consideration: 7,843,668 shares of XTIA common stock - Closing: 2024-03-12 source text: Split”). At the Effective Time, pursuant to the Merger Agreement, the shares of XTI common stock outstanding immediately prior to the Effective Time became the right to receive 7,843,668 shares of XTIA common stock, and the options and warrants to purchase shares of XTI common stock outstanding immediately prior to the Effective Time were assumed by the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.